Recap: PDC Energy Q1 Earnings

PDC Energy PDCE reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

PDC Energy missed estimated earnings by 8.74%, reporting an EPS of $2.61 versus an estimate of $2.86.

Revenue was up $641.22 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.14 which was followed by a 5.8% increase in the share price the next day.

Here's a look at PDC Energy's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 3.08 4.23 4.72 3.09
EPS Actual 3.22 3.77 5.11 3.66
Revenue Estimate 847.21M 1.03B 1.03B 705.13M
Revenue Actual 879.50M 1.51B 1.14B 316.45M

To track all earnings releases for PDC Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!